Otis Worldwide Corporation

Latest Results (12.09.2025):

Otis Worldwide Corporation reported solid financial performance for the fourth quarter and full year of 2024. The company achieved growth in net sales and earnings, driven primarily by its robust Service segment. Otis also provided a positive outlook for 2025, anticipating sustained earnings growth backed by continued service momentum.

Net Sales Growth

In the fourth quarter of 2024, Otis achieved net sales of $3.7 billion, a 1.5% increase year-over-year, with organic sales up by 1.9%. For the full year, net sales reached $14.3 billion, up 0.4%, supported by a 1.4% rise in organic sales.

Earnings Per Share (EPS)

GAAP EPS rose by 6.3% to $0.84 in the fourth quarter, while adjusted EPS increased by 6.9% to $0.93. For the full year, GAAP EPS surged by 20.1% to $4.07, and adjusted EPS grew by 8.2% to $3.83.

Service Segment Performance

The Service segment was a key driver of growth, with fourth quarter service sales increasing by 7.6% and organic service sales up by 7.8%. Full-year service sales grew by 5.9%, with organic sales rising by 6.8%.

Cash Flow and Share Repurchases

Otis generated GAAP cash flow from operations of $690 million and adjusted free cash flow of $682 million in the fourth quarter, alongside $200 million in share repurchases. For the full year, GAAP cash flow from operations was $1.6 billion, with adjusted free cash flow also at $1.6 billion and $1.0 billion spent on share repurchases.

Outlook for 2025

Otis projects full-year 2025 net sales growth of 2% to 4% organically, with adjusted EPS expected to range between $4.00 and $4.10. The company anticipates adjusted free cash flow of approximately $1.6 billion, continuing its trend of sustained earnings growth.